Ma Yun: The biggest mistake in my life is to create Alibaba Group
At the 20th St. Petersburg International Economic Forum, Jack Ma, the founder of Alibaba Group, said frankly that my biggest mistake in my life was to create Alibaba Group. For the development of Alibaba, I spent almost all my time working.
Further, Ma Yun did not anticipate Alibaba's achievements. In Hangzhou in 1999, Jack Ma and the early Eighteen Arhats did not expect Alibaba to grow into the world's largest e-commerce platform. If there is an afterlife, Ma Yun hopes to go to a peaceful place, US server Stay away from business and work.
Seventeen years ago, in September 1999, 18 early founders led by Ma Yun formally established Alibaba Group in their apartments in Hangzhou. For the early Alibaba, it mainly built an English website of the global wholesale trade market, which is dedicated to making small and medium-sized enterprises have no difficult business. A month later, Alibaba received $5 million in financing from Goldman Sachs and other investment institutions.
In January 2000, after Jack Ma solved the problem of Sun Zhengyi of Softbank in Japan in six minutes, Alibaba accepted the $20 million from Softbank Group after continuous negotiation. This financing helped Alibaba Group solve the subsequent capital problem and laid a good foundation for future development. Three years later, Ma Yun set up a shopping website Taobao in his apartment in Hangzhou. One year later, Alipay was separated from Taobao, indicating the independent development of Alipay in the future.
In June 2011, facing e-commerce rivals such as JD Mall, Ma Yun decided to split Taobao into three e-commerce platforms, namely, Yitaobao, Taobao and Taobao Mall. Six months later, Taobao Mall was renamed Tmall, officially benchmarking Jingdong Mall. On January 6, 2013, Alibaba Group announced the merger of its Alibaba Cloud and Wanwang into a new Alibaba Cloud company, which shows the rise of cloud computing and big data business in Alibaba Group.
September 2014 is the most critical year for Alibaba Group and Jack Ma. On the one hand, Alibaba is listed in the United States, US server Its market value has exceeded the threshold of 200 billion US dollars, helping Ma Yun to become the richest man in Asia. On the other hand, one month later, Ant Financial Services Group, an affiliate of Alibaba Group, was officially established, and Ant Financial Services now has a valuation of more than 60 billion dollars. In the opinion of industry insiders, once Ant Financial Services is successfully listed, it may be the "next Alibaba" in terms of market value.
Finally, although Alibaba has been overtaken by Tencent Group in terms of market value, as the two top giants in the Internet industry, Alibaba and Tencent still have the same strength. Ma Yun's so-called pressure, in addition to Alibaba Group, also comes from Ant Financial Group, the parent company of Alipay with unlimited potential. As a result, the greater the ability, the greater the responsibility. No wonder Jack Ma will issue a "regret for founding Alibaba Group".
